Went last Thu for first time in forever from 10p-1a. Biggest takeaway was the outlandish number of teens playing. Must be a Summer thing.

Seems like they all stick to $1-$2 though

News:

https://www.valleybreeze.com/news/ba...b575f559d.html




LINCOLN – The remaining shares of Bally’s Twin River Lincoln have been purchased by majority shareholder Standard General, but officials say local casino-goers won’t notice any changes.

Last Thursday, Bally’s announced that hedge fund Standard General, which already owned more than a quarter of the casino’s shares, agreed to buy the corporation in a deal that values the company at about $4.6 billion, or at $18.25 per share.

According to a Bally’s release, Standard General plans to merge Bally’s with another casino chain already under their ownership, the Queen Casino & Entertainment.

Queen Casino has four locations in three states: Illinois, Louisiana and Iowa, and around 900 employees. At present, Bally’s has 15 casinos and roughly 10,600 employees.

“The combination will expand the company’s casino and resorts segment to 19 gaming, entertainment and hospitality facilities across 11 U.S. states and enhance the company’s development pipeline with several exciting projects,” the statement reads.

Patti Doyle, a spokesperson for Bally’s, said there will be no impact to Tiverton or Lincoln facilities.

Current stockholders can choose to keep their shares in Bally’s, or sell for $15 a share.

Soo Kim, Managing Partner of Standard General and Bally’s board chair, said, “the transaction provides Bally’s stockholders with a significant cash premium along with certainty of value for their investment or, if they elect to retain their shares, the opportunity to participate in the longer-term growth prospects of our expanded portfolio and significant development pipeline.”

The deal has not yet been finalized, though officials expect the transaction to be completed in early 2025, pending the required regulatory approvals.

I have got to stop coming here when I'm stoned. So what happened?

I think we will have to wait and see Poker wise what this means. Maybe nothing has changed, maybe this is bad news. Seems like the Ballys brand may be done with dealing with the state of RI. Thats pure speculation on my part but I had heard rumors Maverick was running into big opposition from the state in regards to expanding poker. Seems like this might be the end of that deal on a corporate level as it seems to me based on this quick read as Bally's is gone and all the rooms Maverick was working with fell under that umbrella.

I know nothing though and I'm sure a more corporate minded type to sift through the bullshit.

I’ll be more clear. From what I understood part of Maverick working with Ballys relied on what multiple people said in interviews was the young CEO of Ballys wanting to invest and building the brand. Seems to me this corporate shakeup could change that partnership with Maverick?

Twin specific I did hear as I said above they are running into too much opposition from the state expanding the room which I hear from everyone is RI just doesn’t understand the market and is stuck in their old ways.

It also makes me nervous when I hear headed funded owned. They have one purpose and that’s to squeeze the customer for every dollar. Happening all over in many industries.

Hedge fund owned? Yeah, seems bad.

Still, when it comes to the squeeze, I kinda felt that's what Maverick would be doing anyway. I don't think it's that hard to run a decent poker room, so maybe the less people twiddling their thumbs in an office somewhere getting a cut, the better.

Why would the state object?

Because government never does anything right?